📊 BTC Technical Analysis Update:

Current Price: ~$93,694

Support Zone: 💛 Near $90,000 (Highlighted in Yellow)

• Repeated testing of this level shows strong support.

• A break below $90,000 could trigger further downside risks.

Key Observations:

1️⃣ Trend Analysis:

• Short-term: Weak downtrend with lower highs. 📉

• Long-term: Strong upward trend remains intact. 🚀

2️⃣ Resistance Zone:

• Key resistance at $99,000-$104,000.

• Multiple pullbacks near this area indicate bulls’ struggle to break through.

3️⃣ Pattern Analysis:

• BTC in consolidation phase between support and resistance.

• 🔼 Break above resistance may signal bullish reversal.

• 🔽 Break below support could strengthen bearish sentiment.

📈 Trading Tips:

Short-Term:

• 📍 Buy near $90,000 with a stop-loss below the support zone.

Mid/Long-Term:

• 🛒 Add long positions if price breaks above $99,000 resistance.

Risk Management:

• Monitor trading volumes, RSI & MAs for signals.

• Keep an eye on market sentiment and macroeconomic news to avoid unexpected risks.

What’s your strategy? Share below! ⬇️

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